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Portable Bank Account, Vijaya Krushna Varma Mr Dec 2009

Portable Bank Account, Vijaya Krushna Varma Mr

VIJAYA KRUSHNA VARMA Mr

Varma suggests radical bank reforms to usher in fully liberalized and transparent economic system. The time has come to radically reform banking sector to the ultimate level where there will be no NPAs, unemployment, black money, fake currency, economic recession and corruption. The government should liberalise the banking sector to establish a bank branch at every village or colony having population of 2500 so that each bank shall handle approximately 2000 accounts. The main objectives of fully liberalised banking sector are as follows* To give every citizen above the age of 15 years a portable bank savings account with permanent …


Bank, Vijaya Krushna Varma Mr Feb 2009

Bank, Vijaya Krushna Varma Mr

VIJAYA KRUSHNA VARMA Mr

TOP Tax system” redefines the role of banking sector to pave the way for future economic system that benefit 7 billion people of the world in all spheres of their lives in one form or the other. TOP Tax system suggests integration of taxation, tax collections, tax compliance, monetary system, money supply, registrations, budget preparation, public distribution, preparation of voter lists and population census, into the banking sector. http://optimaltaxation.net


Liberalize Banking Sector, Vijaya Krushna Varma Mr Feb 2009

Liberalize Banking Sector, Vijaya Krushna Varma Mr

VIJAYA KRUSHNA VARMA Mr

Liberalize the banking sector to establish a bank branch at every village or colony having population of 2500 so that each bank shall handle approximately 2000 accounts. To give every citizen above the age of 15 years a bank savings account * To make India a fully digital nation and to usher in 100% e-governance. * To expand Banking to the ultimate level so that many State and Central Government departments can be integrated in the banking system to cut the present government size and non plan expenditure to 1/3 level.


Portable Savings Account, Vijaya Krushna Varma Mr Feb 2009

Portable Savings Account, Vijaya Krushna Varma Mr

VIJAYA KRUSHNA VARMA Mr

Portable savings account is designed and developed by Varma for new banking system in order to expand it to the ultimate level. This portable bank account can be shifted from any bank to any bank at any time. It is multipurpose savings account with permanent account number


Banking For All And For Everything, Vijaya Varma Feb 2009

Banking For All And For Everything, Vijaya Varma

VIJAYA KRUSHNA VARMA Mr

Varma suggests radical bank reforms to usher in fully liberalized and transparent economic system. The time has come to radically reform banking sector to the ultimate level where there will be no NPAs, unemployment, black money, fake currency, economic recession and corruption. Liberalise the banking sector to establish a bank branch at every village or colony having population of 2500 so that each bank shall handle approximately 2000 accounts. * To give every citizen above the age of 15 years a portable bank savings account with permanent account number from birth to death. This portable bank account can be shifted …


How To Prevent Npas In Banks, Vijaya Krushna Varma Mr Feb 2009

How To Prevent Npas In Banks, Vijaya Krushna Varma Mr

VIJAYA KRUSHNA VARMA Mr

Varma suggests radical bank reforms to prevent NPAs in banking sector. Prevention is better than cure. The problem should be tackled at the source itself before it gets monster size. Instead of finding solutions and measures to reduce NPAs, the banking sector should be restructured so that there is no scope for NPAs or bad loans generation in banks.


Portable Savings Account Module, Vijaya Krushna Varma Mr Feb 2009

Portable Savings Account Module, Vijaya Krushna Varma Mr

VIJAYA KRUSHNA VARMA Mr

Portable savings account is an involuntary tax paying account. Citizens need not maintain separate account books for paying either Direct taxes or Indirect taxes. Citizens need not submit tax returns annually. There will be no expenditure cost for the government for collecting taxes.


Functional Programs For Money Changes In Banking System, Vijaya Krushna Varma Mr Feb 2009

Functional Programs For Money Changes In Banking System, Vijaya Krushna Varma Mr

VIJAYA KRUSHNA VARMA Mr

Varma developed new banking system for auto adjusted money supply without any external regulators.


Bank Account Module, Vijaya Krushna Varma Mr Feb 2009

Bank Account Module, Vijaya Krushna Varma Mr

VIJAYA KRUSHNA VARMA Mr

Bank account module is designed and developed by Varma for new banking system. This new bank account module will help banks to know their profits at any time. This module will halt non performing assets